- Warehouse investor Warehouse REIT said it had entered into a five-year £220m debt facility that would replace an existing £210m loan from HSBC.

The refinancing, comprising a £157m term loan and £63m revolving credit facility, had been agreed with a club of lenders including HSBC, Barclays, Bank of Ireland and Royal Bank of Canada

The facility had at a margin of 2% per annum above Libor, representing a 14 basis point saving compared to the previous blended rate, the company said.

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